Start-Up Costs and Fees |
||
| My Friend's Place | New York Burrito-Gourmet Wraps | |
| Investment | 156650 - 260400 | 85000 - 150000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 7% |
| Advertising Fee | 1% | |
| Year Founded | 1980 | 1995 |
| Year Franchised | 1980 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| My Friend's Place | New York Burrito-Gourmet Wraps | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| My Friend's Place | New York Burrito-Gourmet Wraps | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| My Friend's Place | New York Burrito-Gourmet Wraps | |
| Training | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days | |
| Support | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 15 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
||
| My Friend's Place | New York Burrito-Gourmet Wraps | |
| US Expansion | Alabama, Florida, Georgia, Indiana, South Carolina, Texas | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | ||
| International Expansion | Australia,New Zealand, Canada, Central America, Middle East, South America, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | |
| Franchise Fee | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | |
| Royalty Fee | |
| My Friend's Place | 5% |
| New York Burrito-Gourmet Wraps | 7% |
| Advertising Fee | |
| My Friend's Place | 1% |
| New York Burrito-Gourmet Wraps | |
| Year Founded | |
| My Friend's Place | 1980 |
| New York Burrito-Gourmet Wraps | 1995 |
| Year Franchised | |
| My Friend's Place | 1980 |
| New York Burrito-Gourmet Wraps | 1996 |
| Term Of Agreement | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | 10 years |
| Renewal Fee | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | $1K |
Business Experience Requirements |
|
| Experience | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | |
| Start-up Costs | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | |
| Equipment | |
| My Friend's Place} | |
| New York Burrito-Gourmet Wraps | |
| Inventory | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | |
| Receivables | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | |
| Payroll | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | |
Training & Support |
|
| Training | |
| My Friend's Place | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days |
| New York Burrito-Gourmet Wraps | |
| Support | |
| My Friend's Place | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost |
| New York Burrito-Gourmet Wraps | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| My Friend's Place | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed |
| New York Burrito-Gourmet Wraps | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 15 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| My Friend's Place | Alabama, Florida, Georgia, Indiana, South Carolina, Texas |
| New York Burrito-Gourmet Wraps | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | |
| International Expansion | |
| My Friend's Place | |
| New York Burrito-Gourmet Wraps | Australia,New Zealand, Canada, Central America, Middle East, South America, Western Europe, |